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The balance in an investment account increases at a rate of dollars per year, where t is time in years since 2000. Make a table of values for R and use it to give a n upper estimate for the total change in the value of the account between 2000 and 2004.
Independent Events
Two or more events where the occurrence of one does not affect the probability of occurrence of the others.
Independent Events
Independent events are two or more events whose outcomes do not influence each other, meaning the occurrence of one event does not affect the probability of the other.
Mutually Exclusive Events
Two or more events that cannot occur at the same time in any given experiment or real-life situation.
Conditional Probability
The probability of one event occurring with some relationship to one or more other events.
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